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Floki project announces the burning of 2% token supply, approved by the DAO. 190,918,585,431.84 FLOKI to be removed on March 9, 2024, 4 PM UTC.
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#flokicrypto
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#CryptoNewsFlash
#CryptoNews🔒📰🚫
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Expert Counters FUD About Tether With Evidence of U.S. Expansion and Strong Financial Ties. Tony Edward, the host of the Thinking Crypto podcast, pushes back on negative rumors surrounding the world’s largest stablecoin issuer, Tether. Yesterday, Edward slammed critics spreading FUD (fear, uncertainty, and doubt) about Tether, calling them paid actors, engagement farmers, and uninformed commentators. He defended Tether’s credibility by citing evidence of its ongoing expansion in the United States and its connections with prominent financial figures, including Secretary of Commerce Howard Lutnick. Edward noted that Lutnick, former CEO and President of Cantor Fitzgerald, revealed that the firm had independently reviewed Tether in 2024. Lutnick claimed that the review showed Tether has sufficient reserves to back USDT. Based on this conviction, Cantor Fitzgerald acquired a 5% stake in Tether. Edward also shared a report confirming that Cantor Fitzgerald’s Chairman, Brandon Lutnick, personally verified Tether’s reserves in May 2025. The second verification came after Cantor Fitzgerald began its relationship with the largest stablecoin issuer. A month before this verification, Tether, alongside Cantor Fitzgerald and SoftBank, launched Twenty One Capital, a Bitcoin investment company. The investment company made its debut with a whopping 42,000 BTC valued at around $3.6 billion at the time. Further, Edward recounted that U.S. President Donald Trump acknowledged Tether’s CEO Paolo Ardoino at the White House Digital Asset Summit. Notably, the stablecoin giant further enhanced its credibility by appointing former White House Crypto Council director Bo Hines as an advisor. Based on these events, Edward stressed that the FUDs about Tether reserves are baseless and financially motivated. #CryptoNews🚀🔥V
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“$50M Stock Deal: Thumzup Just Supercharged Dogecoin Mining With Dogehash Buyout!”
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#Ripple Becomes Founding Member of Crypto’s First Real-Time Crime Response Protocol. Notably, this follows the launch of the Beacon network, a platform teased to stop crypto crimes in real-time. TRM Lab designed this platform, introducing a transformation to how the digital asset industry tracks illicit activities. The system flags addresses tied to hackers or fraudsters and traces them in real-time as they move from wallet to wallet and across blockchains. Once they enter an exchange or financial institution, the Beacon network alerts concerned parties to seize these assets before withdrawal occurs. Interestingly, this is a departure from the heavy dependence on crypto sleuths and individual tracking services to a platform automated to monitor these funds round-the-clock. TRM Labs proposed this as a solution to curbing the activities of hackers, who are tarnishing the reputation of the crypto industry. The system, which TRM Labs confirmed is already running and has helped solve some crimes, quickly received adoption from major exchanges and law enforcement agencies. Besides Ripple, platforms such as OKX, Crypto. com, and Anchorage Digital are also inaugural members of the Beacon network. TRM also secured collaboration exchanges such as Binance, Coinbase, and Kraken, which would share the real-time status of flagged addresses. Nonetheless, TRM Labs failed to mention stablecoin issuers Tether and Circle in the list. Still, it assured that it is working with most industry leaders and law enforcers globally to enhance the potency of the platform. Notably, the need for such a platform became evident in the wake of the Bybit hack in February. Hackers tied to North Korea’s Lazarus Group drained $1.5 billion from the prominent exchange and, with a cleanly worked tactic, laundered the entire proceeds. Speaking on the new initiative, Ripple’s head of financial crime compliance, Andrew Rosenberg, stated that the Beacon network will enhance trust and security within the crypto landscape amid its near mainstream adoption. #CryptoNewsCommunity
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SEC Chair Paul Atkins announced that the agency will move quickly to implement the President’s Working Group recommendations on crypto regulation. It aims to foster innovation and provide greater clarity in digital asset markets. Specifically, the initiative seeks to shift away from enforcement-led oversight toward a rules-based approach that balances investor protection with technological advancement. Notably, Atkins made the disclosure during the Wyoming Blockchain Symposium. Central to this vision is the President’s Digital Assets Group, which will lead the next phase of digital asset regulation in the United States. The group previously released a roadmap urging regulators to adopt a more collaborative and innovation-friendly approach. Atkins has reiterated the zeal to follow the recommendations as soon as possible. This marks a significant departure from the policies of former Chair Gary Gensler, who set a stricter regulatory tone. Gensler frequently argued that most cryptocurrencies should be subject to existing securities laws. Critics claimed that under Gensler’s tenure, the SEC’s “regulation by enforcement” approach prompted many developers to move their projects overseas. Atkins takes a different stance, arguing that only a small fraction of tokens should be classified as securities. According to him, what defines a security is not the token itself, but how it is marketed, packaged, and sold to investors. In his speech, Atkins emphasized the need to strike a balance between investor safety and technological progress. He said the SEC will design rules that are firm enough to curb fraud. However, these rules will also be flexible enough to adapt to evolving technology. As part of this shift, the Commission plans to introduce safe harbor periods that will allow startups time to build before facing heavy compliance requirements. It will also create tailored exemptions for digital assets, providing a more flexible approach. This marks a shift away from the ‘one-size-fits-all’ model of traditional securities regulation. #Crypto
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